Now Reading: Vineet Jain joins Reliance Retail as COO of fashion business
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Vineet Jain joins Reliance Retail as COO of fashion business
Vineet Jain has joined Reliance Retail's Fashion & Lifestyle business as chief operating officer, moving from V-Mart Retail, Economic Times Retail reports. The retail veteran brings nearly 30 years of experience, including…
The Story in Brief
Vineet Jain has joined Reliance Retail's Fashion & Lifestyle business as chief operating officer, moving from V-Mart Retail, Economic Times Retail reports. The retail veteran brings nearly 30 years of experience, including leadership roles at V-Mart, Future Group and Vishal Retail. At Future Group, where he spent over 17 years, Jain held CEO, North India and scaled formats such as Big Bazaar, Food Bazaar and FBB, besides leading the turnaround of Easyday and Big Apple. At Reliance, he will oversee operations, customer experience, business development, network expansion and asset productivity. Jain is a chartered accountant and alumnus of Harvard Business School, IIM Ahmedabad and INSEAD.
The Indian Opinion
This move is another high-profile hire by Reliance Retail, but Jain's experience at V-Mart and Future Group shows a knack for turning around struggling formats. The narrative that big business always wins ignores that many veterans have struggled to adapt to Reliance's scale. The real test will be whether Jain can replicate his success in a far larger, more complex operation. Will his approach to asset productivity and network expansion deliver the same results as at V-Mart?
Source: retail.economictimes.indiatimes.com
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